The report revealed that girls in Delhi have a singular strategy in direction of monetary independence and decision-making. (Representative picture)
The survey revealed that 32% of working girls in Delhi discover making monetary choices with regard to financial savings and investments a bit complicated.
Nearly half of the working girls in Delhi (47%) discover it troublesome to maintain a daily observe of their bills, whereas greater than 1/third (37%) of working girls are both not conscious or have by no means been in a position to verify their credit score rating. These are a number of of the findings of the fifth version of the ‘Working Stree‘ survey report released by IndiaLends, an online marketplace for personal loans and credit cards.
The report revealed that women in Delhi have a unique approach towards financial independence and decision-making. The survey was conducted online in February 2023 and covered 10,000+ working women in the 21-65 age group residing in top metro, tier-1 and tier-2 cities, with about 10% residing in Delhi-NCR.
Household Income Contribution
The survey found that 2/3rd of working women in Delhi (67%) actively contribute towards their household expenses, with nearly 1/3rd of these women (31%), contributing over half of their income to their household.
On a national level, more than 70% of working women contribute to household expenses. Additionally, for working women in Delhi, ‘financial freedom’ has been the largest motivation to work, adopted by the will to be helpful and have self-confidence. Nationally, girls echoed the identical causes, adopted by the necessity to assist household wants.
The survey additionally revealed that 32% of working girls in Delhi discover making monetary choices with regard to financial savings and investments a bit complicated. This is consistent with the nationwide development, the place many ladies depend on the steering of their father, brother, or husband when making monetary choices.
Gaurav Chopra, founder and CEO, IndiaLends, stated, “While it is encouraging to see that nearly two-thirds of women in Delhi have checked their credit scores, there is still a long way to go in terms of regular expense tracking and independent investment decision-making. We believe that a financially independent woman is a force to be reckoned with, and we will continue to work towards creating a more equal and inclusive society for all.”
Learning Personal Finance
The survey additionally discovered that, at a nationwide degree, almost half of working girls have been studying about private finance from social media, about 30% from information articles, and 20% from workshops and seminars, adopted by skilled consultants. Even although working girls are making an effort to take a cost of their funds at current, just one/third of working girls really feel assured about making all their monetary choices, the report stated.
The majority of IndiaLends’ survey respondents have been within the 25-34 age group, representing 47.7% of the whole pattern, adopted by 35-44 year-olds at 30.8%.
The youngest age group of 21-24 years represented 13.7% of the pattern, whereas these over 45 and above made up about 7.8%.
In phrases of professions, salaried staff represented the biggest group of respondents at 43.6%, adopted by self-employed people at 31.3%. Homemakers represented 12.3% of the pattern, whereas skilled people reminiscent of CAs and legal professionals accounted for 4.4%. When it got here to marital standing, the vast majority of respondents have been married at 70.6%, adopted by singles at 16.4%.
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